Octal Credit Capital Reports Positive Financial Results, But NPA at Highest in 5 Quarters

Net Non Performing Assets (NPA) - Quarterly: Highest at 0.01% in the last five quarters. Company has a low level of bad loans, but it is important to monitor this metric closely.

Octal Credit Capital, a microcap finance company, has recently announced its financial results for the quarter ending December 2023. The company has shown positive performance with a score of 13, an improvement from 10 in the last three months.

One of the key highlights of the financials is the Profit Before Tax (PBT) less Other Income, which has been the highest in the last five quarters at Rs 1.06 crore. This indicates a positive trend in the near term for PBT. Similarly, the Profit After Tax (PAT) has also been the highest in the last five quarters at Rs 1.06 crore, with a positive trend in the near term. This shows that the company has been able to generate higher earnings for its shareholders.

However, there are some areas that need attention. The Cash and Cash Equivalents have been the lowest in the last six half-yearly periods at Rs 0.05 crore, indicating a deteriorating short-term liquidity. Additionally, the Net Non Performing Assets (NPA) have been the highest in the last five quarters at 0.01%, although it is still at a low level. It is important for the company to closely monitor this metric to maintain a low level of bad loans.

MarketsMOJO has given a 'Strong Sell' call for Octal Credit Capital's stock. Investors should carefully consider the company's financial performance and potential risks before making any investment decisions.